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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Can We Still Be Friends? The Uncertain Definition of Nonsolicitation in the Digital Age
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Be Careful What You Wish For: Employer’s Arbitration Clause Backfires
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Workers’ Compensation: Are Social Events Within the Scope of Employment?
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Goldman Says Older U.S. Workers Poised for a Comeback
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Job Openings Declined in August
U.S. Bureau of Labor Statistics (10/16/15)
The number of job openings decreased to 5.4 million on the last business day of August after reaching a series high of 5.7 million in July, according to the U.S. Bureau of Labor Statistics. The number of hires and separations was little changed at 5.1 million and 4.8 million, respectively. Within separations, the quits rate was 1.9% for the fifth consecutive month, and the layoffs and discharges rate was unchanged at 1.2%.
Job openings rose over the 12 months ending in August for professional and business services (184,000) and health care and social assistance (103,000). Job openings decreased over the year in arts, entertainment, and recreation (-31,000); and in mining and logging (-14,000).
Add Value to Your Client Relationships and Increase Loyalty
Giving superior customer service can increase loyalty and client retention rates. One way to provide that extra-special service is to be well versed in employment and labor law. If you can make clients aware of their employment obligations and responsibilities, you may help them avoid legal missteps that could result in costly legal proceedings—demonstrating your commitment to them and solidifying your relationship.
The Certified Staffing Professional®, Technical Services CertifiedSM, Certified Search Consultant®, and Certified Health Care Staffing ProfessionalSM credentials can enhance your competency in and knowledge of labor and employment law. The facts obtained through these certification programs can help protect staffing professionals and their clients from making potentially costly mistakes.
Protect yourself and your clients by getting certified today.
Online Registration for Staffing World® Ends Friday
It’s almost time for the industry’s most important event—Staffing World 2015. The ASA annual convention and expo starts Tuesday, Oct. 27, and continues through Oct. 29 at the Gaylord Opryland Resort & Convention Center in Nashville, TN. Online registration is still available but ends this Friday, Oct. 23, at 5 p.m. Eastern time.
Don’t miss the world-class keynote speakers, a range of education sessions and top-level networking opportunities, and the sold-out industry expo.
Visit staffingworld.net to register today.
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